MAS Imposes Financing Restrictions on Motor Vehicle Loans
- Thread starter C3P0
- Start date
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans
I just feel so lucky that I dun have to squeeze in that MRT at 8am every morning whilst fetching my kids to child care and then going off to work.
Whether I drive a Bimmer or not becomes unimportant.
Jason8822;961628 said:
I just feel so lucky that I dun have to squeeze in that MRT at 8am every morning whilst fetching my kids to child care and then going off to work.
Whether I drive a Bimmer or not becomes unimportant.
Jason8822
Well-Known Member
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans
Maybe you have something against porky88 which i may not know.
But he did mention make provision and have enough cash to see the borrower over a comfortable period.
What he means is not to stretch for something which is beyond our means.
His post is in no way pointing to anyone dun need to take loan from bank for housing or whatever
porky88;961610 said:
Shev;961626 said:
Maybe you have something against porky88 which i may not know.
But he did mention make provision and have enough cash to see the borrower over a comfortable period.
What he means is not to stretch for something which is beyond our means.
His post is in no way pointing to anyone dun need to take loan from bank for housing or whatever
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans
in sg context... car is 95%(+- a few %) want NOT need
the public transport system can get you from any point to any point within a decent time..
... just realised... i am starting to sound like the ruling party.... shit.....
in sg context... car is 95%(+- a few %) want NOT need
the public transport system can get you from any point to any point within a decent time..
... just realised... i am starting to sound like the ruling party.... shit.....
ktnpl
Well-Known Member
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans
It is not about the absolute amount but I bought what I could afford within my means following faithfully my personal financial scheme. When I was a poor student in uni, I live in rented flat, recycle my clothes year after year and rode a bicycle and ate bread, ok branded bread it was Gardenia
I did not shortchange my self though, I was lean and fit through the hard times which I still live with some regret that I failed to maintain (the lean and fit part)
Anyway, I bought Jap cars in my 20s and 30s lah, not that I lived like a scrooge though some said I was somewhat one lol.
Shev;961604 said:
It is not about the absolute amount but I bought what I could afford within my means following faithfully my personal financial scheme. When I was a poor student in uni, I live in rented flat, recycle my clothes year after year and rode a bicycle and ate bread, ok branded bread it was Gardenia
I did not shortchange my self though, I was lean and fit through the hard times which I still live with some regret that I failed to maintain (the lean and fit part)
Anyway, I bought Jap cars in my 20s and 30s lah, not that I lived like a scrooge though some said I was somewhat one lol.
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans
Agree. The only solution is to build more infrastructure like roads and highways
and flyover. And also HDB that is underground.[/QUOTE]
Ya. Then when people ask what is your address, you say.....
Blk123, Tunnel Lane 12, B12-500.
Agree. The only solution is to build more infrastructure like roads and highways
and flyover. And also HDB that is underground.[/QUOTE]
Ya. Then when people ask what is your address, you say.....
Blk123, Tunnel Lane 12, B12-500.
ktnpl
Well-Known Member
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans
Maybe his sedan is a Porsche Panamera ... better don't delete yet
But that is beside the point, the real message porky88 and me is conveying is to spend within your means and plan for your future financial freedom.
Jason8822;961642 said:
Maybe his sedan is a Porsche Panamera ... better don't delete yet
But that is beside the point, the real message porky88 and me is conveying is to spend within your means and plan for your future financial freedom.
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